3,876 Shares in Cardinal Health, Inc. (NYSE:CAH) Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,876 shares of the company's stock, valued at approximately $458,000.

A number of other institutional investors also recently bought and sold shares of CAH. Barclays PLC raised its position in Cardinal Health by 8.2% in the 3rd quarter. Barclays PLC now owns 707,404 shares of the company's stock worth $78,183,000 after purchasing an additional 53,851 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $846,000. Franklin Resources Inc. boosted its holdings in Cardinal Health by 6.6% during the 3rd quarter. Franklin Resources Inc. now owns 151,185 shares of the company's stock valued at $16,918,000 after acquiring an additional 9,385 shares during the period. Oddo BHF Asset Management Sas bought a new position in Cardinal Health in the 3rd quarter valued at $497,000. Finally, Copley Financial Group Inc. purchased a new stake in Cardinal Health in the third quarter worth $507,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of research analyst reports. Argus set a $148.00 price target on shares of Cardinal Health in a report on Tuesday, February 4th. Bank of America raised their target price on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Cowen raised Cardinal Health from a "hold" rating to a "buy" rating and increased their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Morgan Stanley lifted their target price on Cardinal Health from $136.00 to $142.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Mizuho increased their price target on Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.86.

Cardinal Health Price Performance

NYSE CAH traded down $1.43 during trading on Monday, hitting $133.28. The company's stock had a trading volume of 341,559 shares, compared to its average volume of 2,192,160. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.50. The company has a market cap of $32.20 billion, a PE ratio of 24.86, a P/E/G ratio of 1.49 and a beta of 0.61. The business's 50 day simple moving average is $130.03 and its 200-day simple moving average is $123.33.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.5056 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.52%. Cardinal Health's payout ratio is presently 37.69%.

Cardinal Health Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.